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Wednesday, July 20, 2011

Worldsteel Releases Short Range Outlook for 2011and 2012

The forecast for global apparent steel use is showing a 5.9% increase in 2011 following a 13.2% growth in 2010. In 2012, demand is expected to grow an additional 6%. Indications predict ...


That by 2012 steel use in developed countries will be 14% below 2007 levels, while in emerging and developing countries it will be 38% above the 2007 levels. The graph represents regional projections. It should be noted that Japan was expected to decline by 1.2% in 2011 prior to the earthquake and tsunami. However, it is too early to fully grasp the implications of these events.

Read the full article on Worldsteel.org. And share your thoughts with us!

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